Blowout Cards Forums
Blaster Master

Go Back   Blowout Cards Forums > BLOWOUTS OTHER HOBBY TALK > COINS & CURRENCY

COINS & CURRENCY Post your coins, currency, & precious metals hobby talk here.

Reply
 
LinkBack Thread Tools Display Modes
Old 07-13-2014, 07:43 PM   #1 (permalink)
Member
 
Join Date: Aug 2012
Posts: 178
Default Bars or Coins??

Sorry if this has been asked, but which is the better "investment"? Would it be better to buy silver bars, or silver coins? Or does it not really matter. Thanks for your input.
__________________
AllAboutDaStats is offline   Reply With Quote
Old 07-14-2014, 02:36 AM   #2 (permalink)
Member
 
CP3toOKC's Avatar
 
Join Date: Oct 2011
Location: OK
Posts: 3,923
Default

Bars/rounds are usually made by private manufacturers ie engelhard/apmex/jm/sunshine/etc. They would be the cheapest to attain(w/ exception to collectible ones).
Coins are usually made from the government with a monetary denomination, like the silver american eagle one ounce $1. IMO coins wound be the better bet, but carry a higher premium.
__________________
eBay sellers beware, I will leave you a neutral if you don't at least include a toploader when shipping a card. Feel free to block me if you don't ship with a toploader or secured card holder. That is all.
High-End Bucket: http://s1135.photobucket.com/albums/m627/AvenOZ/High-End%20and%20HTG/
CP3toOKC is offline   Reply With Quote
Old 07-14-2014, 02:56 AM   #3 (permalink)
Member
 
Join Date: Aug 2012
Posts: 178
Default

Quote:
Originally Posted by CP3toOKC View Post
Bars/rounds are usually made by private manufacturers ie engelhard/apmex/jm/sunshine/etc. They would be the cheapest to attain(w/ exception to collectible ones).
Coins are usually made from the government with a monetary denomination, like the silver american eagle one ounce $1. IMO coins wound be the better bet, but carry a higher premium.
That's what I was thinking. Thank you!
__________________
AllAboutDaStats is offline   Reply With Quote
Old 07-14-2014, 09:51 AM   #4 (permalink)
Member
 
blake03svtf's Avatar
 
Join Date: Dec 2010
Location: texas
Posts: 2,575
Default

generic bars or rounds if you just want them for silver content.

Government bullion coins if you want them for "collection" purposes.

I like coins. the generics are just that...generic and boring. But cheaper....
__________________
blake03svtf is offline   Reply With Quote
Old 07-14-2014, 10:27 AM   #5 (permalink)
Member
 
Join Date: Feb 2011
Posts: 906
Default

Also take into acct, what your plans are with the Pm's if you plan on moving them fast if there is a big upswing in the market. You would be best off with ASE'S, you can unload millions of them in minutes if need be. Some times buyers are less likely to buy up generics just as fast.
__________________
Joe Lauzon(UFC) Supercollector! Always looking for any Lauzon 1/1's or printing plates. Finders fee if you help me find any.
twoten01 is offline   Reply With Quote
Old 07-14-2014, 12:46 PM   #6 (permalink)
Member
 
Join Date: Aug 2012
Posts: 178
Default

Ya, Im looking for something that I can sell off quick if silver takes off. Thanks everyone. I think I am finally starting to understand all this
__________________
AllAboutDaStats is offline   Reply With Quote
Old 07-14-2014, 05:48 PM   #7 (permalink)
Member
 
CARDFR33K's Avatar
 
Join Date: May 2013
Location: Misawa AFB, JAPAN
Posts: 1,573
Default

What are ASE's if you don't mind me asking?
__________________
I COLLECT FOOTBALL AND BASKETBALL CARDS, SILVER/COPPER/GOLD, GAMEBOYS, OLD NINTENDO STUFF, VIDEO GAMES AND SYSTEMS.
CARDFR33K is offline   Reply With Quote
Old 07-14-2014, 06:05 PM   #8 (permalink)
Member
 
jpitten's Avatar
 
Join Date: Jun 2011
Location: Walnutport, PA
Posts: 3,738
Default

American Silver Eagle
__________________
Part owner of SquadBattle.com
jpitten is offline   Reply With Quote
Old 07-14-2014, 06:53 PM   #9 (permalink)
Member
 
CARDFR33K's Avatar
 
Join Date: May 2013
Location: Misawa AFB, JAPAN
Posts: 1,573
Default

Quote:
Originally Posted by jpitten View Post
American Silver Eagle
Ah i see. Thank you
__________________
I COLLECT FOOTBALL AND BASKETBALL CARDS, SILVER/COPPER/GOLD, GAMEBOYS, OLD NINTENDO STUFF, VIDEO GAMES AND SYSTEMS.
CARDFR33K is offline   Reply With Quote
Old 07-14-2014, 06:55 PM   #10 (permalink)
Member
 
CP3toOKC's Avatar
 
Join Date: Oct 2011
Location: OK
Posts: 3,923
Default

Quote:
Originally Posted by CARDFR33K View Post
What are ASE's if you don't mind me asking?
They also go by SAEs; Silver American Eagles.
__________________
eBay sellers beware, I will leave you a neutral if you don't at least include a toploader when shipping a card. Feel free to block me if you don't ship with a toploader or secured card holder. That is all.
High-End Bucket: http://s1135.photobucket.com/albums/m627/AvenOZ/High-End%20and%20HTG/
CP3toOKC is offline   Reply With Quote
Old 07-14-2014, 09:16 PM   #11 (permalink)
Member
 
frozenntimesports's Avatar
 
Join Date: Jul 2007
Location: York, PA
Posts: 10,308
Default

I like coins, ASEs and Maples. It seems like they are more readily movable. I prefer the Maples as they are .999 pure as opposed to .99 pure silver. They also can be had at less of a premium.
frozenntimesports is offline   Reply With Quote
Old 07-14-2014, 10:04 PM   #12 (permalink)
Member
 
Join Date: Apr 2014
Location: Texas
Posts: 383
Default

If you're looking to buy and move them when the market turns, why don't you buy stocks? Granted the majority aren't backed by the actual metal they say they are, but if you're just looking to sell them anyway it doesn't matter.

SAE/ASE's have the added numismatic value (provided they are graded) and bullion is just that. Bullion. The SAE/ASE's will appear to have a higher premium due to the numismatic value and the bullion will have a lower premium.

Depending on who you sell to and when, any of the gold/silver shops will buy either of them. As long as you know what the spot price is you can haggle to lower the premium.
__________________
Collecting Lakers and Duke players.
irfuji is online now   Reply With Quote
Old 07-14-2014, 11:43 PM   #13 (permalink)
Member
 
Join Date: Aug 2012
Posts: 178
Default

Quote:
Originally Posted by irfuji View Post
If you're looking to buy and move them when the market turns, why don't you buy stocks? Granted the majority aren't backed by the actual metal they say they are, but if you're just looking to sell them anyway it doesn't matter.

SAE/ASE's have the added numismatic value (provided they are graded) and bullion is just that. Bullion. The SAE/ASE's will appear to have a higher premium due to the numismatic value and the bullion will have a lower premium.

Depending on who you sell to and when, any of the gold/silver shops will buy either of them. As long as you know what the spot price is you can haggle to lower the premium.
I defiantly am going to buy stocks. I just want to get in the silver game as well. I know silver is not going to send me into early retirement. I am going to collect the coins/bars I like but wanted to know what would be the best for an investment as well. I'm just getting in to all this and wanted to get a feel with what the boards think and what I am finding out through the Internet.
__________________
AllAboutDaStats is offline   Reply With Quote
Old 07-14-2014, 11:59 PM   #14 (permalink)
Member
 
CP3toOKC's Avatar
 
Join Date: Oct 2011
Location: OK
Posts: 3,923
Default

Quote:
Originally Posted by frozenntimesports View Post
I like coins, ASEs and Maples. It seems like they are more readily movable. I prefer the Maples as they are .9999 pure as opposed to .999 pure silver. They also can be had at less of a premium.
Missing a couple 9s there.
__________________
eBay sellers beware, I will leave you a neutral if you don't at least include a toploader when shipping a card. Feel free to block me if you don't ship with a toploader or secured card holder. That is all.
High-End Bucket: http://s1135.photobucket.com/albums/m627/AvenOZ/High-End%20and%20HTG/
CP3toOKC is offline   Reply With Quote
Old 07-15-2014, 03:00 AM   #15 (permalink)
Member
 
amazingpacks's Avatar
 
Join Date: Aug 2009
Posts: 2,245
Default

invest in silver mining .

or

This crazy stuff i found. I am in the wrong investments. WTFFFFFF
psa slabbed
__________________
COMC : prices so low i need to raise them .
COMC : Make offers on Higher Priced Cards Thru PM, Price will be adjusted accordingly .[/B]!
"your boss is watching, get back to work"
amazingpacks is offline   Reply With Quote
Old 07-15-2014, 09:52 AM   #16 (permalink)
Member
 
Join Date: Apr 2014
Location: Texas
Posts: 383
Default

Quote:
Originally Posted by AllAboutDaStats View Post
I defiantly am going to buy stocks. I just want to get in the silver game as well. I know silver is not going to send me into early retirement. I am going to collect the coins/bars I like but wanted to know what would be the best for an investment as well. I'm just getting in to all this and wanted to get a feel with what the boards think and what I am finding out through the Internet.
Ok cool. I've got a bunch of AGQ (2x or 3x hyperfund, I can't remember which).

For long term I would go with the eagles. The numismatic value will begin to add up as time goes on.

For the mid to short term ups and down, which it sounds like you want, I would go with the standard bullion. Just as easy to sell and you aren't paying as much premium.
__________________
Collecting Lakers and Duke players.
irfuji is online now   Reply With Quote
Old 07-15-2014, 11:39 AM   #17 (permalink)
Member
 
Join Date: Aug 2012
Posts: 178
Default

Thank you to everyone who helped me out. I now have a feel of things. Thanks again
__________________
AllAboutDaStats is offline   Reply With Quote
Old 07-21-2014, 09:42 PM   #18 (permalink)
Member
 
Carrbeaz's Avatar
 
Join Date: May 2011
Posts: 5,000
Default

Be careful... A bullion round is not the same thing as a coin. Bullion rounds (which some erroneously call coins) can be made by either a private manufacture or a government mint (US,CANADA).

Bullion rounds generally do not have any numismatic value in the way that legal tender gold and silver coins do.

If you are investing for the pure intrinsic value of the metal then I suggest 100oz bars, as they tend to be the lowest over spot.

Most orders I fill for my clients who make large investments or to insure their wealth are done so through 100oz bars.
__________________
If you ask me what is the least I will take, then I am going to respond with, "What is the most you are willing to pay?"
Carrbeaz is online now   Reply With Quote
Old 08-06-2014, 07:52 PM   #19 (permalink)
Member
 
John91C's Avatar
 
Join Date: Mar 2009
Location: Washington State
Posts: 4,351
Default

Quote:
Originally Posted by Carrbeaz View Post
Be careful... A bullion round is not the same thing as a coin. Bullion rounds (which some erroneously call coins) can be made by either a private manufacture or a government mint (US,CANADA).

Bullion rounds generally do not have any numismatic value in the way that legal tender gold and silver coins do.

If you are investing for the pure intrinsic value of the metal then I suggest 100oz bars, as they tend to be the lowest over spot.

Most orders I fill for my clients who make large investments or to insure their wealth are done so through 100oz bars.
100% correct...rounds/bars are made by private minting companies...they only hold their intrinsic value of whatever metal is in it. Single ounce rounds/bars have the highest premium compared to higher weight rounds/bars.

If you are looking to invest strictly on making $$$ then buy bulk...the more you can buy at one time the better.

Coins are legal tender (granted no one takes it as such). Thus that is why on a 1 oz gold coin (AGE) you will see $50...now the intrinsic value is much higher than $50 but it still has a legal tender of $50 as it is minted by the U.S. Mint.

People use coins and rounds interchangeably but they really are different.
__________________
Photobucket (not always up to date): http://s160.photobucket.com/albums/t199/John91C/

Last edited by John91C; 08-06-2014 at 07:54 PM.
John91C is offline   Reply With Quote
Old 08-06-2014, 09:07 PM   #20 (permalink)
Member
 
Gibberish's Avatar
 
Join Date: Mar 2010
Location: North Georgia
Posts: 6,877
Default

I will post 1 simple fact.

If silver goes to 10 cents an ounce, a $1 coin is still worth $1

Always go with coins
__________________
I Collect Marbles,Amazing Spider-man comics and tears! Mr. Sensitivity at your service
Gibberish is offline   Reply With Quote
Old 08-16-2014, 12:15 AM   #21 (permalink)
Member
 
HBMC's Avatar
 
Join Date: Oct 2011
Location: Missouri
Posts: 8,125
Default

Quote:
Originally Posted by John91C View Post
100% correct...rounds/bars are made by private minting companies...they only hold their intrinsic value of whatever metal is in it. Single ounce rounds/bars have the highest premium compared to higher weight rounds/bars.

If you are looking to invest strictly on making $$$ then buy bulk...the more you can buy at one time the better.

Coins are legal tender (granted no one takes it as such). Thus that is why on a 1 oz gold coin (AGE) you will see $50...now the intrinsic value is much higher than $50 but it still has a legal tender of $50 as it is minted by the U.S. Mint.

People use coins and rounds interchangeably but they really are different.
AGE's are $20 Gold pieces

The 2009 Gold Buffalo is a $50 Half Union.
__________________
I PC: Dallas Cowboys, Arkansas Razorbacks, StL Cards, KC Chiefs
http://s1092.photobucket.com/albums/i413/hogsboysmavscards/
Searching for a 14 UD Chris Smith B&W #'d/10
Andrew Luck
HBMC is offline   Reply With Quote
Old 08-16-2014, 12:22 AM   #22 (permalink)
Member
 
John91C's Avatar
 
Join Date: Mar 2009
Location: Washington State
Posts: 4,351
Default

Quote:
Originally Posted by HBMC View Post
AGE's are $20 Gold pieces
That is incorrect.

AGE=American Gold Eagle

Even the 1 OUNCE Gold Buffalo and 1 OUNCE AGE are both $50 Denominations Look at the Reverse...$50

2014 American Eagle One Ounce Gold Uncirculated Coin (GB5) – United States Mint
__________________
Photobucket (not always up to date): http://s160.photobucket.com/albums/t199/John91C/

Last edited by John91C; 08-16-2014 at 12:24 AM.
John91C is offline   Reply With Quote
Old 08-16-2014, 02:09 PM   #23 (permalink)
Member
 
CP3toOKC's Avatar
 
Join Date: Oct 2011
Location: OK
Posts: 3,923
Default

I think someone is thinking st. Gaudens $20?
__________________
eBay sellers beware, I will leave you a neutral if you don't at least include a toploader when shipping a card. Feel free to block me if you don't ship with a toploader or secured card holder. That is all.
High-End Bucket: http://s1135.photobucket.com/albums/m627/AvenOZ/High-End%20and%20HTG/
CP3toOKC is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 11:59 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
Copyright 2013, Blowout Cards Inc.